Wetherspoon ( J.d.) Share Discussion Threads

[konradpuss] 10/5/2020 17:40

Tim, I am afraid there is quite a bit the headline statistics do not tell you.

I am sorry to say I am biased towards the way the Swedes have handled the virus.

O.K. the U.K. is not the same as Sweden - for one thing they do not have 'Spoons'!
The demographics are different and there is a high percentage of single households due to the divorce rate.

The government also set in stone if there is a pandemic the Chief Epidemiologist takes over.

It is a brave call by the Swedes, however I think they are going to be proved right as although their economy has and will suffer it will not suffer to the extent of the U.K.

If anyone is interested look up Dr Johan Giesecke the previous Chief Epidemiologist of Sweden as he has recently given an very interesting interview. It's on the net.

[tim 3] 10/5/2020 17:08

Slightly off thread but some interesting facts about how staggeringly low the death rate is in younger people compared with the elderly have come out this weekend and the amount of additional deaths caused by people not receiving the normal level of NHS care

Makes you wonder if the lockdown should have been more focused on older and more vulnerable people rather than everyone.

[the white house] 10/5/2020 15:19

Spoons is going so well in Ireland currently because of there is little or no competition for prime, useful sites with gardens and bedrooms above etc. In the UK decent sites in decent locations have been too scarce. This could change things and open up some once in a generation site opportunities (a la Primark buying up the superb century old huge Woolworths site in Brighton before the glue on the closed banners had dried) some nice, big freeholds at bargain prices may be the silver lining

[konradpuss] 09/5/2020 16:54

Creature, a year would not be so bad really.

Can 'Spoons' then grow?

Perhaps, surely in a recession, people go for the low cost option like they did with Aldi and Lidl over the 'big four' last recession.

The bets are off if it is a depression.

[kreature] 09/5/2020 16:24

Will 'Spoons' go back to the same level of trade?

Not in the near future. In the same way that people don't want to take a summer holiday this year even if they are aloud to. People have been freaked out by the box in the living room. So I think it will take time to recover, maybe 1 year?

[konradpuss] 09/5/2020 16:08

Essential, I think the share price is currently looking beyond the 'getting back to normal' although this might be a new normal.

If they can replicate last years' earning then fine. Then how is the market going to value those earnings.

This is very tough to call. What you have got is the £9.00 placing. Now did the clients of Investec get a bargain or will it look expensive in retrospect?

If I new the answer to that one I would either sell or add more!

[essentialinvestor] 09/5/2020 15:28

It's not just a question of reopening, it's profitable reopening.

And the later may take longer than anticipated to get back near 2019 trading levels?.

Now may be that's allowed for in the current SP?, Or may be not.

[konradpuss] 09/5/2020 15:23

So the real question is how does the furlough affect value?

Now does the P/E go down as people factor in another lock down in the 'dim and distant' or could Wetherspoons be the winner by picking up trade from permanently closed pubs not re-opened after the lock down.I think Essential made that point.

I am not saying that the closure period does not affect value. Obviously overheads have been reduced however they are still ticking.

Will 'Spoons' go back to the same level of trade?

Surely these are some of the important questions. Now I am not saying when they re-open fully or partially is not important mind.

[tim 3] 09/5/2020 14:08

Its possible blueball but I doubt it will be that long before pubs open in some form.

They can open next week subject to conditions in Spain and they have been very cautious and I dont think we are 5 months behind them.

[cantrememberthis2] 09/5/2020 10:34

Dont forget a monster multibagger here

[blueball] 09/5/2020 10:30

October before they can open again Tim.

[gibbs1] 09/5/2020 10:20

Off-licences typically are specialist shops, convenience stores, parts of supermarkets, or attached to bars
and pubs. Prices are usually substantially lower than in bars or pubs.






Surprised GGL that did not do just that


Grupo GuitarLumber
8 May '20 - 11:45 - 3664 of 3664
0 5 0
I realise you know the pub industry and jdw better than I, BUT could pubs have been turned into partial temporary off licences like in the old days and delivery centries to off load excess inventories and thus honour supplier paynents and cover som overheads

[grupo guitarlumber] 08/5/2020 11:45

I realise you know the pub industry and jdw better than I, BUT could pubs have been turned into partial temporary off licences like in the old days and delivery centries to off load excess inventories and thus honour supplier paynents and cover som overheads

[tim 3] 08/5/2020 11:24

Thanks kreature you too.Way to much negativity around at the moment don't believe all the rubbish they print in the mail and express they contradict themselves the next day sometimes sooner what happened to being positive you never know we might just come out of this the other side stranger things have happened.Have a great weekend all.

[johnwise] 07/5/2020 18:22

Wetherspoon's bullish over Irish expansion plans despite pub crisis

British pub group JD Wetherspoon has no intention of rowing back on ambitious expansion plans for its Irish operations, despite mounting concern for the future of the bar industry in Ireland due to the forced social interaction changes brought about by the Covid-19 crisis.

[kreature] 07/5/2020 16:58

tim3, I hope that you're right re opening sooner rather than later. GL

[davidosh] 07/5/2020 14:42

I cannot see a lot of pubs being able to open in the way they did before until at least another year from now. Additionally Wetherspoons needs volume and has quite a few older customers.....not sure they will be much more than half full at best if opening some.

[kreature] 07/5/2020 11:31

Yes John but takeaway and delivery is totally different.

[brasso3] 07/5/2020 11:07

Pubs are opening in the Netherlands from 1st July.

[johnwise] 07/5/2020 11:06

Pret A Manger will reopen 71 more stores for takeaway and delivery from Monday after successful trial

The cafe chain temporarily closed all stores on March 21 prior to the lockdown

Currently 30 stores are open and a further 71 shops will followed from Monday

Each shop will have perspex screens and limited number of customers allowed in

[arai] 07/5/2020 08:47

Well, that's Forbes sorted out :)

[kreature] 06/5/2020 23:53

Probably take you 20 years to prove it John

[johnwise] 06/5/2020 20:58

Vaccine Damage Payment you could get a one-off tax-free payment of £120,000

[kreature] 06/5/2020 20:48

You can go first John

[johnwise] 06/5/2020 20:31

Italy boasts finding 'world's first coronavirus vaccine'... but UK scientists WEEKS ahead

ITALY has boasted finding a coronavirus vaccine that is the 'first in the world' to neutralise the killer disease - despite UK scientists already being weeks ahead.